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    Bengal seeks to leverage India-UK CETA, eyes export boost for labour-intensive sectors
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July 15, 2026
Show AI Summary
India-UK CETA tariff elimination strengthens export prospects for labour-intensive leather, jute, jewellery and agricultural products in British markets.
India-UK CETA tariff concessions are expected to improve West Bengal's export competitiveness in the United Kingdom. Duty-free access applies to tea, mangoes and betel leaves, while import duties on jewellery have been removed. Labour-intensive leather, jute, and gems and jewellery sectors are identified as principal beneficiaries, with tariff removal also improving seafood export prospects. Further competitiveness measures are proposed to help exporters use the agreement's trade opportunities.
July 15, 2026
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Zero-duty market access under CETA enables Indian jewellery exporters to enter overseas markets without import tariffs.
Zero-duty access under the India-UK Comprehensive Economic and Trade Agreement enables eligible Indian gem and jewellery exports to enter the United Kingdom market without UK import tariffs. The agreement is expected to improve market access and support value-added manufacturing, employment, skill development, and the participation of artisans, micro, small and medium enterprises, and exporters in West Bengal's gem and jewellery sector.
July 15, 2026
Show AI Summary
UK-India trade agreement introduces wider market access, tariff reductions and social security arrangements to support bilateral commerce.
The UK-India Comprehensive Economic and Trade Agreement has entered into force, providing expanded market access, tariff reduction and trade facilitation. India receives zero-duty access for nearly all exports to the UK, while UK products entering India receive duty-free or reduced-tariff treatment. The framework covers goods including textiles, leather, engineering products, food, cosmetics, alcoholic beverages and premium cars. A bilateral social security agreement has also been operationalised to support wider commercial engagement.
July 15, 2026
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Data governance expectations propose stronger lifecycle controls, quality standards, accountability and third-party data-sharing safeguards for regulated financial entities.
Draft regulatory guidance on data governance proposes expectations for regulated financial entities to maintain data that is accurate, consistent, secure and fit for purpose. The framework addresses data-governance arrangements, defined roles, data architecture, metadata and data lineage, data quality, and third-party data-sharing arrangements. It applies to specified banking entities, financial institutions, non-banking financial companies, asset reconstruction companies and credit information companies, and invites stakeholder feedback on the proposed framework.
July 15, 2026
Show AI Summary
Semiconductor and mobile manufacturing incentives support domestic production, component sourcing, design investment, exports and resilient electronics supply chains.
Semicon 2.0 and the Mobile Phone Manufacturing Scheme provide manufacturing support to expand domestic electronics production, exports and local value addition. Semicon 2.0 covers chip design, equipment and materials, fabrication, advanced packaging and testing, research, and talent development, while supporting semiconductor intellectual property and critical-component manufacturing. The mobile-phone scheme provides production-linked incentives linked to eligible sales, with additional support for domestic component sourcing and Indian investment in product design and research. The measures seek to reduce import dependence and strengthen domestic critical-technology capabilities.
July 15, 2026
Show AI Summary
India-UK trade liberalisation expands tariff preferences, services access and skilled professional mobility while preserving protections for sensitive domestic sectors.
The India-United Kingdom Comprehensive Economic and Trade Agreement establishes preferential tariff treatment for goods and expands cooperation in services, digital trade, government procurement, investment and professional mobility. India retains protections for sensitive sectors through phased tariff reductions and quota-based access, while duties on British automobiles and alcoholic beverages are reduced in stages. The accompanying social-security convention exempts eligible Indian professionals temporarily assigned to the United Kingdom from simultaneous contributions in both jurisdictions, supporting skilled-worker mobility and reducing employment-related costs.
July 15, 2026
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Railway capacity augmentation strengthens multimodal connectivity, freight movement, operational reliability and lower-emission transport across Odisha and Jharkhand.
Railway capacity augmentation is approved through doubling of the Paradeep-Haridaspur route and construction of a fourth line on the Rajkharsawan-Dangoaposi route. The projects aim to reduce congestion, improve railway operational efficiency and reliability, and strengthen integrated multimodal connectivity. Enhanced capacity is intended to support freight transport of coal, iron ore, dolomite, limestone and gypsum, improve regional and tourist connectivity, promote logistics efficiency, and reduce oil imports and carbon emissions.
July 15, 2026
Show AI Summary
Urea investment policy promotes gas-based domestic manufacturing through transparent cost treatment, return-on-equity parameters, and foreign-exchange risk mitigation.
NIPU-2026 provides a framework for investment in new gas-based urea manufacturing units to increase indigenous production and reduce reliance on imported urea. It separates fixed and variable costs for transparency, provides a prescribed return-on-equity band, and mitigates foreign-exchange exposure through conversion of fixed costs into Indian rupees after four years at prevailing exchange rates. The policy supports self-sufficiency through additional domestic urea manufacturing capacity.
July 15, 2026
Show AI Summary
Greenfield elevated corridor development strengthens multimodal connectivity, urban decongestion, road safety and pilgrimage access through the Hybrid Annuity Model.
Development of a six-lane greenfield elevated connector corridor between National Highway-19 and the Varanasi Ring Road has been approved under the National Highways (Original) programme through the Hybrid Annuity Model. The access-controlled corridor includes elevated road infrastructure, bridges, loops, ramps, link roads and service roads, and is intended to divert through traffic from congested urban roads. Aligned with the PM Gati Shakti National Master Plan, it integrates road, rail, air and inland-water connectivity while improving access to logistics, religious, educational and cultural destinations.
July 15, 2026
Show AI Summary
Hybrid annuity corridor development advances urban decongestion, multimodal connectivity, safer travel and efficient passenger and freight movement.
A predominantly elevated 6/4-lane link and connector corridor along the Varuna River Bank has been approved under the Hybrid Annuity Model. Comprising carriageways, flyovers, loops, ramps and service roads, it will connect NH-31 with the Varanasi Ring Road under the Varanasi Decongestion Plan. The corridor is intended to reduce congestion and travel time, improve safety and freight movement, and strengthen access to transport, economic, social and logistics nodes through multimodal integration.
July 15, 2026
Show AI Summary
Personal loan disbursal incentives provide eligible borrowers reward bundles, subject to eligibility conditions, verification, assessment and applicable terms.
Personal loan disbursal incentive campaign offers eligible borrowers an entertainment and lifestyle voucher bundle upon successful disbursal during the specified promotional period. Reward availability is conditional on customer eligibility and applicable terms and conditions. The collateral-free, digitally processed credit facility involves eligibility-based approval, review of loan terms, KYC and bank-account verification, and application assessment before disbursal.
July 15, 2026
Show AI Summary
Domestic-demand weakness slows China's economic growth despite export support from artificial-intelligence technology and electric-vehicle demand.
China's economic growth slowed in the second quarter amid weak domestic demand, property-market weakness, subdued consumer confidence and higher energy costs. Export demand, especially for artificial-intelligence technology and electric vehicles, supported foreign trade and industrial production, but underscored reliance on overseas demand. Property investment and new-home prices continued to decline, while youth unemployment remained elevated. Further support measures focused on new infrastructure could be considered as investment growth weakens and systemic risks require management.
July 15, 2026
Show AI Summary
Mobile phone manufacturing incentives link eligible sales, domestic sourcing, design and research support to indigenous brands and expanded production.
The Mobile Phone Manufacturing Scheme establishes a five-year incentive-linked framework for manufacturing mobile phones in India. It provides differentiated incentive support on eligible sales, additional support for domestic sourcing of key components and sub-assemblies, and a further incentive for product design and research and development aimed at building Indian brands. The scheme seeks to expand domestic production and exports, promote technological sovereignty, create patents, support employment, and strengthen domestic value capture in mobile-phone manufacturing.
July 15, 2026
Show AI Summary
Domestic urea investment policy supports new natural gas-based capacity through subsidy-cost separation, assured returns, and foreign-exchange risk mitigation.
National Investment Policy 2026 establishes an investment framework to add domestic natural gas-based urea production capacity and reduce import reliance. Extending the New Investment Policy 2012, it provides for separation of fixed and variable costs for subsidy calculation, assured returns for urea plant companies, and foreign-exchange risk mitigation to support investment in new domestic urea manufacturing capacity.
July 15, 2026
Show AI Summary
India-UK free trade agreement expands zero-duty export access and reduces duties on specified United Kingdom goods.
The India-UK Comprehensive Economic and Trade Agreement entered into force with zero-duty market access for nearly all Indian exports to the United Kingdom. It is expected to support sectors including textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods. A bilateral social security agreement has also become operational. The arrangement reduces Indian import duties on specified United Kingdom goods, including Scotch whisky and premium UK-built cars.
July 15, 2026
Show AI Summary
Middle East energy export disruption risks raise oil prices and unsettle global equity markets amid renewed conflict.
Middle East energy-export disruption risks increased following renewed conflict and a threatened halt to regional oil and gas exports amid a blockade of Iranian ports. Concerns over the security of shipping through the Strait of Hormuz contributed to higher oil prices and reduced Gulf traffic flows, reflecting the potential for wider interruption of energy transportation. Global equity markets showed mixed movements as investors assessed escalating conflict, oil-supply disruption, inflation data and corporate earnings.
July 15, 2026
Show AI Summary
Apricot export facilitation enables overseas market access through exporter-managed supply chains, cold-chain transport, and proposed local processing capacity.
Apricot export facilitation for Ladakh's indigenous Raktsey Karpo and Halman varieties is being implemented through an agreement under which exporters manage harvesting, sorting, grading, packing, transportation and marketing. Administrative measures include transport monitoring, expedited transit arrangements and cold-chain support for perishable produce. A proposed apricot processing unit is intended to improve value addition, address short shelf life and support smoother exports while reducing post-harvest losses.
July 15, 2026
Show AI Summary
India-UK trade agreement expands market access, tariff reductions, services trade and professional mobility across identified commercial sectors.
The India-UK Comprehensive Economic and Trade Agreement entered into force as a free trade arrangement intended to expand bilateral market access and promote movement of goods and services. It provides for tariff reductions and supports trade, services and professional mobility. The agreement is expected to create opportunities for businesses, entrepreneurs, farmers, manufacturers, MSMEs and skilled workers, including in textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods.
July 15, 2026
Show AI Summary
Punitive tariffs for Russian oil purchases could make trade duties a geopolitical mechanism targeting India and other countries.
Proposed United States tariff legislation would impose punitive tariffs on India and other specified countries for purchasing oil from Russia. Certain European countries purchasing Russian gas would be exempted on the stated basis that their purchases are limited and that they are reducing dependence on Russia. If enacted, the measure would expressly authorise tariffs as a geopolitical mechanism directed at countries considered to be financing another nation's war effort.
July 15, 2026
Show AI Summary
Strait of Hormuz transit rights remain contested as blockade measures, toll disputes, and hostilities threaten regional energy exports.
Maritime access through the Strait of Hormuz is disputed following the reimposition of a naval blockade, retaliatory threats affecting regional energy exports, and attacks on shipping routes. An interim arrangement had provided for toll-free transit during a limited negotiating period but left the later regulatory position unresolved. One side asserts a right to regulate traffic and potentially levy transit charges, while the opposing position maintains that passage should remain open without tolls. Continuing hostilities and stalled negotiations threaten navigational access and energy trade flows.

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News and Press Release

Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above

August 25, 2026

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PAIMANA Portal tracks 1,775 Infrastructure Projects worth ₹37.11 lakh crore as of July 2026

The Ministry of Statistics and Programme Implementation (MoSPI) continues to strengthen monitoring of Central Sector infrastructure projects through its PAIMANA platform, enabling improved tracking, timely reviews, and data-driven decision-making across Ministries. The portal tracks 1,775 Infrastructure Projects worth of ₹37.11 lakh crore as of July 2026.

Key Highlights

  • As of July 2026, 1,775 ongoing infrastructure projects, with a total revised cost of ₹37.11 lakh crore, are being monitored across 17 Central Ministries/Departments. The cumulative expenditure incurred on these projects stands at ₹19.26 lakh crore, accounting for approximately 51.91 per cent of the revised project cost, indicating steady progress in project implementation.
  • A significant proportion of projects are at advanced stages, with 675 projects (~38%) achieving over 80% physical progress, while 305 (~17%) have crossed 80% financial completion. The data also reflects a balanced pipeline, with projects distributed across early and advanced stages of implementation.
  • The Transport & Logistics sector (as per the DEA’s Harmonized Master List) accounts for the highest number of ongoing projects (1246 projects), with revised estimates of ₹19.81 lakh crore underscoring priority to connectivity-driven infrastructure growth.
  • 1,775 ongoing infrastructure projects include 735 Mega projects (project cost of ₹1,000 crore & above) with an original cost of ₹28.77 lakh crore, and 1,040 Major projects (project cost below ₹1,000 crore and up to ₹150 crore) amounting to ₹4.93 lakh crore.
  • Physical and financial progress broadly move in tandem, with a large number of projects clustered at the initial (0–20%) and advanced (81–100%) stages, indicating a pipeline of newly-started projects alongside many nearing completions. While physical progress exceeds financial progress in the 81–100% range, financial progress is relatively higher in the early stages, reflecting upfront expenditure patterns in project implementation.

2.   Ministry/ Departments-wise progress of Infrastructure Projects

  • Ministry of Road Transport & Highways accounts for the highest number of projects, with 993 projects (56%), and a share of total revised project cost of ₹9.62 lakh crore (26%), highlighting its central role in national infrastructure development.
  • Ministry of Railways is implementing 190 projects (11%), with a total revised project cost of ₹6.38 lakh crore (17%).
  • Ministry of Coal accounts for implementing 121 projects (7%), with a total revised project cost of ₹2.22 lakh crore (6%).
  • The Ministry of Petroleum & Natural Gas, Ministry of Power, Ministry of Housing & Urban Affairs, and the Department of Water Resources, River Development & GR are implementing 103, 98, 50, and 38 projects, with associated revised costs of ₹4.23 lakh crore, ₹6.08 lakh crore, ₹3.78 lakh crore, and ₹2.01 lakh crore, respectively.
  • The remaining 182 projects (10%), with a total revised cost of ₹2.78 lakh crore (8%), are distributed across various Ministries/Departments including Higher Education, Civil Aviation, Steel, Telecommunications, Labour & Employment, Ports, Shipping & Waterways, Health & Family Welfare, Mines, DPIIT, and Sports. (Refer Annexure I)

3.   Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) Progress of Infrastructure Projects

  • Transport & Logistics remains the dominant sector, accounting for 53% of total revised project cost (₹19.81 lakh crore) across 1,246 projects (70% of the total Projects), underscoring the central role of Roads & Highways, Railways, Aviation, Urban Public Transport, Shipping, and Inland Waterways in economic integration and logistics efficiency.
  • The Energy sector follows with 29% of aggregated revised cost (₹10.66 lakh crore) across 205 projects, reflecting sustained emphasis on Oil & Gas infrastructure, electricity generation, transmission and distribution networks, and energy storage systems.
  • Communication infrastructure, with a project cost of ₹1.34 lakh crore (4%) across 31 projects, represents targeted interventions aimed at strengthening digital connectivity.
  • Water & Sanitation projects account for ₹2.05 lakh crore (5%) across 53 projects, highlighting continued focus on essential urban services.
  • Social & Commercial infrastructure, comprising 91 projects with a revised project cost of ₹0.99 lakh crore (3%), reflects selective investments in education, healthcare, real estate, and tourism, hospitality and wellness.
  • Projects classified under ‘Others’, amounting to ₹2.26 lakh crore (6%) across 149 projects, indicate diversification across sectors such as coal, steel, metals, and mining.

(Refer Annexure II)

4.   Completed Projects and New Additions

  • During July 2026, notable commissioned projects include-
    • Project – “Srikakulam Angul Gas Pipeline Project” (₹2,810 crore) of Ministry of Petroleum & Natural Gas.
    • Project – “Aligarh-Kanpur Pkg I [Aligarh-Bhadwas]” (₹2,069.6) and “Dwarka Expressway Pkg-III Delhi/HR Border to Start of RoB Gurugram (₹2298.37)” of Ministry of Road Transport & Highways.
    • Project – “Transmission System for Evacuation of power from Potential RE Zone in Khavda Area of Gujarat under phase IV 7GW-Part E4” (₹ 224.41 crore) of Ministry of Power.
  • During July 2026, 36 additional projects were brought under the monitoring of PAIMANA. Of these 16 are from Department of Telecommunications, 9 are from Ministry of Steel, 6 are from the Ministry of Road Transport & Highway, 3 are from Department for Promotion of Industry & Internal Trade, 1 from Ministry of Housing & Urban Affairs and 1 from Ministry of Power. These include:
  • “Meja Thermal Power Project, Stage-II, (3x800 MW)” (₹ 38,358 crore)
  • Jaipur Metro Rail Project Phase 2 (Prahladpura to Todi Mod)” (₹ 13,037.66 crore).
  •  “6 Lane Greenfield Varanasi- Ranchi- Kolkata Highway from Chatra to junction with NH- 100 in Deoria village from km 222.000 to km 253.000 Pkg -9” (₹ 1,418.16 crore).

5.   Next date of Press Release: Flash Report for the month of August 2026 would be released on 25th September 2026.

Note

  1. The press release summarizes highlights from the MoSPI’s Flash Report (July 2026) on Central Sector Infrastructure Projects (₹150 crore and above), available at https://paimana-proj.mospi.gov.in/ or via the QR code(below).
  2. The project monitoring interface of PAIMANA is renamed as PAIMANA-PROJ (earlier called as PAIMANA). Further, the PAIMANA-CRIP (Central Repository of Infrastructure Projects), launched by MoSPI in July 2026, serves as the underlying data repository/input layer. Nearly 80% of data are updated via API’s on PAIMANA-CRIP portal that serves as a national central repository of infrastructure projects contributing towards standardized infrastructure monitoring and support informed decision-making for nation-building.

Annexure I

Ministry/ Departments-wise progress of Central Sector Infrastructure Projects

S. No

Ministry/ Department

Project Count (number)

Revised Cost

(₹ Lakh cr.)

Cumulative Expenditure           (₹ Lakh cr.)

1

Ministry of Road Transport & Highways

993

9.62

4.61

2

Ministry of Railways

190

6.38

4.59

3

Ministry of Coal

121

2.22

0.60

4

Ministry of Petroleum & Natural Gas

103

4.23

2.28

5

Ministry of Power

98

6.08

2.10

6

Ministry of Housing & Urban Affairs

50

3.78

1.97

7

Department of Water Resources, River Development & GR

38

2.01

1.42

8

Ministry of Health & Family Welfare

35

0.26

0.11

9

Department of Telecommunications

31

1.34

1.03

10

Department of Higher Education

30

0.15

0.09

11

Ministry of Steel

27

0.30

0.13

12

Ministry of Civil Aviation

25

0.23

0.12

13

Department for Promotion of Industry & Internal Trade

12

0.21

0.02

14

Ministry of Labour and Employment

9

0.02

0.01

15

Ministry of Ports, Shipping and Waterways

6

0.14

0.10

16

Ministry of Mines

6

0.12

0.07

17

Department of Sports

1

0.01

0.01

 

Grand Total

1775

37.11

19.26

 

Annexure II

Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) progress of Central Sector Infrastructure Projects

S. No

HML Category

Project Count

(number)

Revised Cost      (₹ Lakh cr.)

Cumulative Expenditure      (₹ Lakh cr.)

1

Transport & Logistics

1246

₹ 19.81

11.23

2

Energy

205

₹ 10.66

4.43

3

Water & Sanitation

53

₹ 2.05

1.45

4

Social & Commercial

91

₹ 0.99

0.39

5

Communication

31

₹ 1.34

1.03

6

Others

149

₹ 2.26

0.73

 

Total

1775

37.11

19.26

***

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